Hobson Lucas Family Foundation
- Assets
- $1.1b
- Revenue
- $41.0m
- Investments
- $1.0b
- Employees
- 0
- Location
- San Rafael, CA
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-3940983
Organization Overview
Hobson Lucas Family Foundation is located in San Rafael, CA. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hobson Lucas Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Hobson Lucas Family Foundation generated $41.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $29.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hobson Lucas Family Foundation has awarded 913 individual grants totaling $230,557,757. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George W Lucas Jr President/director | 1 | $0 | |
Mellody Hobson Vp/director | 1 | $0 | |
Andrea Wishom Vp/director | 1 | $0 | |
Michael Rider Treasurer | 1 | $0 | |
Natalie Talbott Secretary | 1 | $0 | |
Kate Nyegaard Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pricewaterhousecoopers Llp | 12/30/22 | $153,219 |
Northern Trust | 12/30/22 | $4,427,734 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,341,835 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,660,556 |
| Capital Gain Net Income | $20,794,896 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,002,391 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $740,962 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,153 |
| Total operating and administrative expenses | $5,353,036 |
| Contributions, gifts, grants paid | $24,547,660 |
| Total expenses and disbursements | $29,900,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,713,485 |
| Savings and temporary cash investments | $24,187,000 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,017 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $10,227,876 |
| Investments—other | $370,026,290 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,306,218 |
| Total assets | $1,097,213,558 |
| Accounts payable and accrued expenses | $9,881 |
| Grants payable | $97,564,859 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $97,574,740 |
Grants Awarded
Over the last fiscal year, Hobson Lucas Family Foundation has awarded $63,813,688 in support to 328 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION PURPOSE: GENERAL DONATION | $1,000,000 |
ACADEMY FOUNDATION PURPOSE: GENERAL DONATION | $3,000,000 |
THE ACTORS FUND PURPOSE: GENERAL DONATION | $1,000 |
ADOPT A FAMILY OF MARIN PURPOSE: GENERAL DONATION | $5,000 |
AFTER SCHOOL MATTERS PURPOSE: ASM STIPEND FUND | $250,946 |
AFTER SCHOOL MATTERS PURPOSE: ASM CHALLENGE PROGRAM | $1,000,000 |